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Reviewing the First-tier Tribunal decision in Apollo Fuels, which concerned company car leasing arrangements
- KEY POINTS
- The tribunal did not follow the decision in Whitby and Ball.
- Apollo Fuels’ employees leased cars from the employers.
- Condition in ITEPA 2003 s 114(1)(a).
- Any benefit should be taxed as earnings under s 64.
- Mileage allowances should be paid in full.
The tax treatment of company cars has been an area of frustration for employers and employees alike. This has particularly been the case since 2002 when the tax charge became dependent on the vehicle’s carbon emissions and it became possible for the tax payable for the use of a car in any given year to be higher than the value of the vehicle.
As a result many employers have sought alternative methods to provide cars to their employees such...
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